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Savannah River Banking Company

Aiken, SC · Cert 58515

FDIC

Q4 2013

$152.3MAssets
$110.4MLoans
$121.5MDeposits
$22.2MEquity
Loan mix
76%RE $60.6M22%C&I $17.9M1%Consumer $1.2MQ4 2012Q4 2013
Deposit mix
92%Interest-bearing $111.4M8%Noninterest $10.2MQ4 2012Q4 2013

NIM

4.21%Q4 ’113.93%Q4 ’123.83%Q4 ’13+4%+0%

Non-interest income vs. expense

2.39%Q4 ’112.30%Q4 ’122.72%Q4 ’13-7%+22%

Executive Summary

  • Earnings: ROA of 0.76%, up 40 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 90.83% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.76%+40 bps YoY

Net Interest Margin (quarter, annualized)

3.43%+2 bps YoY

Efficiency Ratio (quarter, annualized)

74.44%+1,160 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.36%0.58%0.55%0.83%0.76%+40 bps
Return on Equity2.59%4.24%3.95%5.99%5.25%+266 bps
Net Interest Margin3.41%3.43%3.44%3.52%3.43%+2 bps
Efficiency Ratio62.84%69.35%70.93%62.61%74.44%+1,160 bps
Non-Interest Burden2.05%2.28%2.38%2.11%2.49%+44 bps
Growth
Asset Growth (YoY)3.76%0.95%1.40%3.61%-5.24%-901 bps
Loan Growth (YoY)12.44%11.74%8.44%7.95%-3.13%-1,557 bps
Deposit Growth (YoY)4.64%2.46%1.08%-1.58%-8.08%-1,272 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.83%0.00%-0.04%0.00%0.04%-79 bps
Allowance / Loans1.69%1.74%1.88%1.92%2.02%+33 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital17.99%18.04%18.01%18.08%18.65%+65 bps
Equity / Assets13.46%13.93%13.67%14.15%14.60%+114 bps
Liquidity & Funding
Loans / Deposits86.18%89.06%84.67%90.91%90.83%+465 bps
Liquid Assets / Assets1.89%2.05%2.57%1.97%1.83%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a